China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU).

Developer Altea Green Power has started building four battery energy storage system (BESS) projects in Italy totalling 1GW of capacity.

Independent power producer (IPP) Globeleq has brought a 19MWp, 2MW/7MWh energy storage plant in Mozambique into commercial operation.

Sweden-based developer Sustainable Energy Solutions Sweden (SENS) has signed a long-term land lease for a 15MW PV, 50MW battery energy storage system (BESS) project.

The intentions of battery storage developers and operators from the UK in Poland and CEE are ‘not very concrete’ with most just ‘getting a feel’ for what’s out there, sources said. 

Developer Kyon Energy has secured construction approval for a 2-hour large-scale battery energy storage system (BESS) project in Saxony-Anhalt, Germany.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Falling cryptocurrency prices have led to a crypto mine developer to propose a battery storage facility in the city of Corpus Christi, Texas.

Renewable energy developer BayWa r.e. has got the green light to develop and build a 3-hour duration battery energy storage system (BESS) in the UK, set to come online in 2026.

The energy storage market in Poland is “not an undersupplied one”, has higher financing costs and there is a two-year window in which you need to get in to capitalise on the opportunities, said renewable energy developer and IPP Aquila Clean Energy.